Exor says no to Tether’s Juventus acquisition proposal

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Juventus Football Club has officially rejected a $1 billion acquisition bid from Tether, the issuer of the USDT stablecoin, which sought to acquire a controlling stake held by Exor, the Agnelli family's investment company. This decision underscores Juventus' commitment to maintaining family ownership despite Tether's significant financial offer.

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Tether, the issuer of the USDT stablecoin, has submitted a bid to acquire a controlling stake in the Italian football club Juventus FC, following earlier minor investments. The proposed deal involves a substantial investment of $1 billion aimed at enhancing Tether's involvement in the sports sector.

Juventus owner Exor has rejected a $1 billion acquisition offer from Tether, the issuer of the USDT stablecoin, indicating a decision to maintain control over the football club. This rejection comes despite Tether's significant financial backing and interest in expanding its influence in the sports sector.

Tether's recent bid to acquire a controlling stake in Juventus FC from majority shareholder Exor has been rejected. The stablecoin issuer, which currently holds a 10% stake in the club, proposed an all-cash deal to buy the Agnelli family's 65.4% stake, but Exor declined the offer.